Votorantim Cimentos signed a $150 million financing agreement linked to sustainability indicators with the International Finance Corporation (IFC), the largest global development institution focused on the private sector in emerging markets and a member of the World Bank Group.
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Votorantim Cimentos ended the first quarter of 2023 with a net profit of R$78 million, reversing the R$317 million loss in the prior-year period. The company’s global net revenue in 1Q23 totaled R$5.8 billion, an increase of 18% compared to the same period in 2022.
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After more than four years at the helm of Votorantim Cimentos, Marcelo Castelli has resigned to become a member of the board of directors. Current COO Osvaldo Ayres Filho will succeed him.
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Votorantim Cimentos ended 2022 with positive results in its decarbonization journey. Globally, the company emitted 579 kg of CO2 per tonne of cement produced, a 3% reduction compared to 2021.
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ABB delivered advanced automation and digital technologies to Votorantim Cimentos as it embraces Industry 4.0 in cement to simultaneously optimize production and decarbonize operations.
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The Portland Cement Association (PCA) announced the election of Filiberto Ruiz as the chair of its board of directors. Ruiz is the president and CEO at Votorantim Cimentos North America and has served the last two years as vice chair to outgoing chairman Ron Henley, president and CEO of GCC of America.
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Votorantim Cimentos revised its decarbonization targets to 475 kg of CO2 per tonne of cement by 2030. Its new global target is 8.7% lower than the one previously announced as part of its 2030 Sustainability Commitments.
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Votorantim Cimentos ended the third quarter of 2022 with consolidated net revenue of R$7.6 billion, an increase of 19% compared to the same period last year.
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Votorantim Cimentos introduced a new corporate brand that is more contemporary and representative of the diversity of its people, products and businesses, combining tradition, innovation and a vision of the future.
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Global producer Votorantim Cimentos ended the second quarter of 2022 with consolidated net revenue of R$6.7 billion, an increase of 15% compared to the same period last year. The increase was primarily due to favorable price dynamics, in addition to the positive impact of additional sales resulting from acquisitions made in 2021.
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